The report projects 2% GDP growth for 2025 with tourism recovering through North American and European visitors, while the Abraham Accords create new regional travel opportunities.
Atlantis, The Palm, located in Dubai, is the ultimate entertainment destination to host an upcoming gathering or event. From spectacular rooms and suites, vibrant entertainment settings, captivating backdrops and extraordinary activities, every occasion is designed to deliver an unforgettable experience.
Qatar’s travel and tourism industry has been under the scrutiny of the public eye ever since the FIFA World Cup 2022. As the first Arab state to hold the mega event, the country spent around $220 billion on infrastructure during a 12-year preparation and witnessed an impressive and fast-paced transformation, including the development of an ultra-modern new city, spectacular stadiums, a state-of-the-art metro, countless of leisure attractions and world-class hotels dotting the skyline.
Jordan has become a popular travel destination in the Middle East. It was ranked the sixth Arab country in the 2022 Travel and Tourism Development Index and listed within the top 10 tourist destinations in 2023 by the US Tour Operator Association. Maria Quintero, HVS’ associate – consulting and valuation, provides insights into Jordan’s success and the factors that make it an appealing choice for travelers worldwide.
The tourism industry in Bahrain remains an important contributor to the country’s economy and employment, and the government is committed to supporting its growth and development in years to come despite the current shift in segmentation and increasing competition from neighboring countries.
As UAE recovers from COVID impact and retains its position as a global tourism destination, a performance analysis of the three main emirates for the years 2019 – 2022 is presented by HVS team along with key development trends and opportunities.
The Israel hotel market has demonstrated remarkable resilience in the face of challenges and has successfully rebounded to the pre-pandemic levels seen in 2019. This article explores the hotel market performances and values in key Israeli locations in 2022.
HVS and the Abraham Accords Peace Institute analyse the affects of easier visa procedures on tourism growth and the subsequent increase in a country's GDP.
This year’s conference theme for the Future Hospitality Summit Saudi Arabia (FHS) is ‘Invest in Change’, highlighting the importance of the positive change that can be brought forward through the investment in time, intellect and expertise in the hospitality industry to keep up with changing times and trends to better shape the future of the industry. In the lead up to the event we asked a number of industry partners how they are investing in change.
Saudi Arabia is entering an entirely new tourism landscape with its Saudi Vision 2030 initiatives. With a strong economic outlook, a diversification of its economy, and significant governmental support, the hospitality and tourism markets across the Kingdom are expected to thrive over the next decade.
One of the eternal truths of hotel development is: Show me a city hosting a World Cup or an Olympics, and I’ll show you a more-than-healthy development pipeline.
Our last review of the Israel Hotel Market was published in the summer of 2020 when the world was immersed in huge uncertainty owing to the COVID-19 pandemic – many countries were in varying states of lockdown, travel was suspended for most and no-one was quite sure whether this was just a short-term inconvenience or something more serious. As I write this in February 2022, we are in an equally unprecedented situation as the Russian invasion of Ukraine unfolds in front of us, making the subject of recovery in the hotel sector less certain as across the world we hope and pray for a swift solution.
Traditionally reliant on religious tourism, as well as regional visitation, current projects underway in KSA include The Red Sea, Qiddiya, Amaala, Al Ula and NEOM, to name a few. These developments will become home to some of the largest mixed-use schemes and will undoubtedly encourage travel demand and transform the hospitality landscape and offering.
The restrictions imposed due to the COVID-19 pandemic have severely hit every sector across the globe, and the hospitality industry is undeniably among the hardest hit. In Israel, strict lockdown measures were implemented in mid-March, forcing all except non-essential businesses to close, including most of the country's hotels.
Hotels in Israel saw another record performance in 2018 as the country experienced a lull in geo-political turmoil and a rise in incoming tourist numbers, according to our new report. Over the past few years, Israel has seen significant growth in its tourism sector. In 2017, the country welcomed well in excess of 3 million tourists for the first time in its history. In 2018, that number rose to 4.1 million, a year-on-year increase of more than 14%.
Consider this: Iran, the cradle of the ancient Persian Empire, has great potential for tourism and hospitality but the development of these sectors in the country has been far from linear and that remains the case today, mainly due to geopolitics.
International interest of hotel operators and chains continues to be strong despite volatile visitation numbers given the prevailing geo-political instability in Israel. This article explores the hotel performance and development pipeline in Israel.
I came to Dubai in the year 1999 and has been a great journey until now, thanks to this City! I have seen it transition from empty desert in to a booming economy and a great City. The Government of Dubai is immensely pro-active in its approach for the continuous development of Dubai to give new experiences to its citizens, expatriates and the tourists alike. This differentiates Dubai from many other destinations and its hospitality has become synonymous to the destination Dubai.
The 2013 edition of the Middle East Hotel Survey presents the conventional, key performance indicators (KPIs) as achieved in the various cities and destinations throughout the region, and provides an overview of the development pipeline for hospitality assets. This year's report features the aggregate of KPIs based on 436 hotels, representing roughly 115,000 rooms in 45 cities, which represents an estimated increase of 10.6% in terms of rooms. Moreover, the 2013 edition of the hotel survey provides an indication of the maximum supportable investment that an owner or an organisation ought to budget when developing a hospitality product. A number of key assumptions were involved in the preparation of the maximum supportable investment, the details of which are articulated throughout this report.
After the slump witnessed in 2009 and 2010, the Dubai hotel market has resumed growth in terms of occupancy and average rate under all submarkets. This can be primarily attributed to the resumption of travel from main feeder markets such as European countries, combined with the redirection of demand from neighbouring countries due to unstable political conditions. Furthermore, Emirates Airlines bolstered growth, increased frequency of flights to feeder markets and introduced new routes, which has led to the influx of additional feeder markets and has encouraged visitation to Dubai.